The most common and most likely answer to this crossword clue is the 11 plus 4 letter word MASON-DIXON LINE
I've seen this crossword clue in Financial Times
M
A
S
O
N
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D
I
X
O
N
L
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E
More clues leading to the result MASON-DIXON LINE
Buddy explains!
The straight part
We know that "it divided America" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it divided america = mason-dixon line.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.